Black Market Dollar To Naira Exchange Rate Today 13th January 2024

Black Market Dollar To Naira Exchange Rate Today 13th January 2024 Can Be Accessed Below.

Newsrain Nigeria has obtained the official naira black market exchange rate in Nigeria today including the Black Market rates, Bureau De Change (BDC), and CBN rates. Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.

As of now, you can purchase 1 dollar at a certain rate now, however, it’s important to keep in mind that the rate can shift (either upwards or downwards) within hours.

Black Market Dollar To Naira Exchange Rate Today 13th January 2024

What is the dollar to naira rate today?

The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1255 and sell at N1265 on Friday 12th January 2024, according to sources at Bureau De Change (BDC).

Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.

Dollar to Naira Black Market Rate Today

Dollar to Naira CBN Rate Today

Please note that the rates you buy or sell forex may be different from what is captured in this article because prices vary.
Naira Gains 19% To N874.79/$ In NAFEM.

In a notable financial development, the Nigerian naira recorded a substantial gain in the Nigerian Foreign Exchange Market (NAFEM), appreciating to N874.79 per dollar.

This represents a 19 percent increase from its previous rate of N1,082.32 per dollar on Wednesday, as reported by Elizabeth Adegbesan.

According to data from FMDQ, the indicative exchange rate for NAFEM experienced an appreciation of N207.53, marking a significant uplift for the naira.

The day’s trading saw the intraday high reach N1,264.96 per dollar and a low of N475 per dollar, resulting in a wide margin of N789.96 per dollar.

The volume of dollars traded in the NAFEM was substantial, amounting to $110.41 million.

Disclaimer: NEWSRAIN NIGERIA does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.